Semi-Trailer Market
TanmayG2
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  • Reads 1
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  • Parts 1
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TanmayG2
Ongoing, First published Jun 21, 2018
automotivemarketsemi-trailer
The global semi-trailer market was valued at USD 24.49 Billion in 2016 and is projected to grow at a CAGR of 4.98% from 2017 to reach USD 37.34 Billion by 2025. In this study, 2016 has been considered the base year and 2017-2025 the forecast period for estimating the size of the global market.

The global semi-trailer market is estimated to be USD 25.32 Billion in 2017 and is projected to grow at a CAGR of 4.98% during the forecast period to reach USD 37.34 Billion by 2025. Some of the major drivers of the market are the expanding cold chain industry and increasing use of advanced technologies that boost the demand of semi-trailer. Innovations in semi-trailer platooning and electric semi-trailer truck can create new revenue generation opportunities for semi-trailer manufacturers. Whereas, manufacturing of lightweight semi-trailer, maintenance cost, and lowering the total cost of ownership are creating challenges for semi-trailer manufacturers.
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automotivemarketsemi-trailer
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